Coinbase backer Boost VC collects $90m for new ‘sci-fi’ fund

The venture firm was launched 10 years ago by Adam Draper and Brayton Williams.

Boost VC, an early backer of crypto exchange Coinbase, has raised $90 million for its fourth fund, according to a blog post by Adam Draper, co-founder and managing partner of the early-stage firm.

Launched in 2012, Boost VC invests in what it calls the “sci-fi future,” encompassing sectors that include aerospace, energy, climate, robotics, crypto, biotech and virtual reality.

Boost VC founder Adam Draper speaks at a conference in 2017.

“10 years, 300+ investments, $200 million AUM and four funds later we pride ourselves on being the first check into incredible founders creating a sci-fi future,” Draper wrote in his blog. “We have backed everything from jetpacks (2x!), comic book marketplace, many leading crypto startups, a heart rejuvenation platform, VR fitness, nuclear fission and space planes. No idea is too crazy.

“In the last 12 months we returned our first Fund 3x, had three more unicorns (start-ups from pre-seed that became $1 billion companies): Unstoppable Domains, 21shares and NiftyGateway. With that great news, we were successful in raising $90 million fund from incredible partners to continue making science fiction a reality.”

Draper leads the firm alongside co-founder and partner Brayton Williams. Draper comes from a long line of venture capitalists. He is the grandson of William Draper, one of the first venture capitalists and founder of Sutter Hill Ventures in 1965, and he is the son of Tim Draper, founder and managing partner of Draper Associates as well as co-founder of Draper Fisher Jurvetson, which later morphed into Threshold Ventures.

Boost VC did not disclose the names of investors in its latest fund, but its previous LPs include Tim Draper and Paeonia Ventures, a multi-family office based in Singapore, according to PitchBook.

The San Mateo, California-based firm typically makes investments of $500,000 in pre-seed start-ups. Besides Coinbase, the firm has invested in Etherscan, Wyre, Volley and Cobalt.